20388-1911-Ordinance-passed-and-assented-to--Companies-No-58-of-1911 — Page 5

Government Gazette 政府憲報 轅門報 All

604 THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911.

Section.

130.

131.

132.

133.

134.

135.

136.

B87.

Winding up by Court,

Circumstances in which company may be wound up by court.

Company when deemed unable to pay its debts.

Provisions as to applications for winding up.

Effect of winding-up order.

Commencement of winding up by court.

Power to stay or restrain proceedings against company, Powers of court on hearing petition.

Actions stayed on winding-up order.

138. Copy of order to be forwarded to registrar.

139. Power of court to stay winding up.

140.

Court may have regard to wishes of creditors or contributories.

Official Receiver.

141.

142.

Definition of official receiver.

Statement of company's affairs to be submitted to official

receiver.

143. Report by official receiver.

Liquidators.

144.

Appointment, remuneration, and title of liquidators.

145, Custody of company's property,

146.

Powers of biquidator.

147. Meetings of creditors and contributories in winding up.

148. Liquidator to give information to official receiver.

149. Payments of liquidator in winding up into bank.

Andit of liquidator's accounts in winding up.

Books to be kept by liquidator in winding up. Release of liquidators.

160.

151.

152.

153.

Exercise and control of liquidator's powers.

154.

Control over liquidators,

155.

Committee of Inspection, Special Manayer, Receiver,

Committee of inspection in winding up.

156. Power to appoint special manager,

157. Power to appoint official receiver as receiver for debenture

holders or creditors.

158.

159.

Ordinary Powers of Court,

Settlement of list of contributories and application of assets. Power to require delivery of property.

160.

Power to order payment of debts by contributory,

161. Power of court to make calls,

162.

Power to order payment into bank.

163.

Order on contributory couelusive evidence.

164.

Power to exclude creditors not proving in time.

166.

Power to order costs,

167.

165. Adjustment of rights of contributories,

Dissolution of company.

168. Delegation to liquidator of certain powers of court,

169.

170.

171.

Extraordinary Powers of Court,

Power to summon persons suspected of having property of

company.

Power to order public examination of promoters, directors, &c. Power to arrest absconding contributory.

172. Powers of court cumulative.

Enforcement of and Appeal from Orders.

173. Power to enforce orders. 174. Appeals from order.

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